Cam Binh Commune in Cam Ranh City is home to 1,100 lobster breeders with around 10,000 cages. At present, local farmers need to sell around 100 tonnes of lobsters.
Lobster prices sharply drop
Due to the stagnant export, lobsters are being boosted for domestic consumption. Now, a kilo of lobster is sold at the wholesale price of just some VND540,000 (USD23.47). While the retail price is just around VND670,000-700,000.
Traders are willing to send lobsters by air for customers who buy 10-20 kilos of lobsters a time. In this case, customers only need to pay additional transportation fees of VND500,000.
A company in Dong Da District in Hanoi has ordered up to 100 kilos of live lobster at the price of VND600,000 per kilo as a gift for their staff on the coming Women's Day. The company can refuse to receive the product if it fails to meet the expectation.
Alaskan lobsters and King crabs have also seen lower prices due to being affected by coronavirus.
Vinmart supermarket chain is selling lobsters at just between VND495,000-630,000 per kilo.
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